Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes from the Fed’s June policy meeting released on Wednesday.
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UBS analysts are making a bullish call on gold, saying that the yellow metal will march to $1,400/oz during the second half of the year. “Gold has likely entered the early stages of the next bull-run,” UBS’s Joni Teves wrote. Gold is currently trading at $1,375/oz, up $16 from …
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SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors (TSLA.O) alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to make the accident public before a fed…
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Research firm Fideres Partners estimates that the underpricing of new debt may have cost U.S. companies as much as $18 billion in extra interest in bonds issued between 2010 and 2015.
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U.S. employment increased solidly in March and wages rebounded, signs of economic resilience that could allow a cautious Federal Reserve to gradually raise interest rates this year. Nonfarm payrolls increased 215,000 last month, the Labor Department said on Friday. Data for January and February was revised slightly down to show 1,000 fewer jobs created than previously reported.
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Stocks are inching lower Thursday after a three-day rally. Consumer stocks are sliding after Wal-Mart reported disappointing results and cut its sales projections, and bank stocks are giving up some of …
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If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what’s going on inside businesses than anyone else: …
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President Barack Obama will ask Congress to double funding for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission over the next five years, bolstering two financial …
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